Gold Price Analysis: XAU/USD path of least resistance is up after whipsaw – Confluence Detector

Inflation fears are rising – as seen in both the Consumer Price Index figures and the University of Michigan’s Consumer Sentiment data.

The TC is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, Pivot Points, etc.

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Sterling is shrugging off worries about the spread of new virus variants, which may delay the reopening.

Gold could be on the verge of a lower low, but the hourly time frame is key.

Dogecoin price is at a pivotal point, resulting in a 40% upswing or 30% sell-off.

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